@HHP: Consortium To Deliver LNG Announced

Posted on September 18, 2013

Clean Energy Fuels Corp., Ferus Natural Gas Fuels, GE Ventures and GE Energy Financial Services announced the formation of a consortium to jointly deliver liquefied natural gas (LNG) in the United States. The announcement was made at the High Horsepower Summit in Chicago.

The consortium, Eagle LNG Partners, will develop regional LNG projects to meet the growing demand for the cleaner-burning, less expensive fuel in industries such as long-haul trucking, rail, mining, marine, and oil and gas services. Eagle LNG Partners will identify strategic U.S. locations to develop, own and operate LNG production projects.

Additionally, when required in certain markets such as oil and gas and marine, the consortium will be capable of providing its customers with complete LNG solutions including transportation and delivery, on-site storage, gasification and dispensing.

“Major companies in the long-haul trucking business have made significant announcements over the last few months about their intentions to convert their own fleets, or the third-party trucks that move their products to natural gas,” said Andrew J. Littlefair, president and CEO of Clean Energy. “Along with recent announcements by rail and marine companies, it’s easy to understand the need for a significant increase in LNG supply in the United States. We are now joining with our partners to help meet that demand.”

Eagle LNG Partners is currently considering projects in Florida, Washington, Colorado, North Dakota, Ohio and Texas. These projects would build upon existing Clean Energy and Ferus Natural Gas Fuels plants and operations, as well as previously announced Clean Energy-GE LNG projects in the Northeast and Midwest, which are expected to be operational in late 2015.